$929,000

For sale

147 Herkimer Street, Hamilton (Durand) - Multi-family for Sale

147 Herkimer Street, Hamilton (Durand), Ontario, L8P2H2

5 beds4 baths5 parking2,750 ft²25 × 134 ft (3,377 sq ft) lot sizeListed 49 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 2,750 sq ft of space. It has been on the market 49 days, fresher than the Hamilton average of 61 days.

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Description

Welcome to 147 Herkimer Street, a well-maintained legal triplex located in the heart of Hamilton's prestigious Durand neighborhood - celebrated for its heritage architecture, mature tree canopy, and exceptional walkability. This property offers outstanding versatility and stronger income potential in one of the city's most consistently sought-after rental markets. With approximately 3300 sq. ft. of total living space, the triplex provides generous room for tenants and flexible living arrangements. The property also features ample parking, a rare and highly desirable advantage in this central Hamilton location - including five dedicated parking spots, which is a significant plus for both tenants and investors. (id:66096)

Property Details

MLS®: X13789206
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 5
Interior Size: 2,750 ft²
Lot Size: 25 × 134 ft (3,377 sq ft)
Frontage: 25 ft
Storeys: 3
Basement: Finished, N/A
Heating: Natural gas, Other
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $6,768/yr
Listed: 49 days ago

Features

Appliances: Refrigerator, Stove, Dryer, Two Washers, Water Heater
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Hamilton (Durand) listings, avg age

61d

Price / ft²

$338

List price

$929K

Haho

This 5-bed multi-family in Hamilton (Durand) has been listed for 49 days, which is 12 days fresher than the city average of 61. Act while there is still low competition.

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Listed by CENTURY 21 GREEN REALTY INC. · JOHN AKLEH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8P)

This home lists at $929,000, about 16.0× the local median household income of $58,000.

Carrying it typically needs a household income of about $181,466 (20% down, 25-yr amortization, stress-tested) — roughly 213% above the area median.

Median household income: $58,000
Population: 24,773
Median age: 38.8
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA L8P)

$929,000· $338/ft²

For sale

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Full Cost Breakdown

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Down Payment7.31% · $67,900

Min 7.31%50%

Mortgage payment$4,774/mo

↳ CMHC premium ($34,444 capitalized)

Property tax (est.)$564/mo

Total monthly$5,338

Cash Needed to Close

Down payment (7.31%)$67,900

Land transfer tax$15,055

Est. closing costs$5,287

Total cash needed$88,242

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